Srinagar : A significant rip-off involving monetary fraud price crores has surfed within the Kashmir Valley after traders alleged that they had been duped of their hard-earned cash by some non-public firm primarily based within the Valley.
Based on particulars out there with the information company some traders at the moment held a protest in Srinagar alleging that they had been duped by a non-public funding agency of their hard-earned cash.
“We had been lured to speculate cash within the firm stating that the cash you make investments will get doubled inside 15 days. This prompted us to speculate cash within the agency and within the first few months they acquired the cash as promised, nevertheless, after someday they didn’t get any response from the agency, which created doubt of their minds,” mentioned one of many protestors.
She mentioned that she alongside along with her different members of the family invested round Rs 5 lakh within the agency and so they had been motivated by a social media influencer after he had posted some movies on his YouTube channel, claiming the the agency was genuine and he himself has invested his cash in the identical agency.
“Just a few days in the past we tried to contact the agency and its workers, however we now have not been getting any response. We’ve got now been duped of our hard-earned cash. This firm is fraud because it cheated many individuals right here and duped them of crores,” she added.
In the meantime, native workers who had been working within the agency and had been straight coping with the shoppers or traders claimed that they’ve themselves been duped of their cash as weren’t conscious of agency’s credentials.
“We’d be requested by directors of the agency, who’re primarily based in Chennai and would typically keep in Srinagar additionally, to ask clients and traders to speculate their cash primarily based on some plans and their cash could be doubled in 15 days,” mentioned one of many workers of the agency.
He mentioned that originally the doubled quantity was credited within the financial institution accounts of consumers or traders and so they themselves (workers) additionally began to speculate their salaries within the agency, nevertheless, they’ve additionally been duped of the cash in addition to of their employment.
A senior officer of Cyber Police Kashmir informed that they’ve acquired some complaints in opposition to the agency and so they taken cognisance of the identical. “We’re additional investigating the matter and people concerned might be shiny to justice,” he mentioned—(KNO)
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